Recognizing the importance of ongoing carrying costs and/or the loss of return on capital in idle assets, the marketplace increasingly perceives the importance of the time value of money. In response, the volume of sales by auction increases as a percentage of the total U.S. Real Estate sales and is projected to reach a significant percentage of total sales, early in the 21st century, according to the National Association of Realtors (NAR).

Contrary to the outdated “fire-sale” concept, auction represents a positive and informed business decision, and becomes an exciting event where bidders compete equally and act in their own interest. The seller has the opportunity to obtain not only a willing buyer, but also the best of all willing buyers, one that has been stimulated by a desire for seller’s property and actively competes with other bidders to obtain that property.

Prestige- believes that a properly marketed, professionally conducted, public, open outcry auction will invariably produce a fair market sale price. We believe that the high bid received at the auction, when all bidders are afforded the equal opportunity to make their “last and best bid”, represents the ultimate appraisal of the fair market value of the property. All current and new prospects will be forced to the point of decision and be required to compete openly and aggressively, if they are to prevail, at a public auction. No other method of sale can produce comparable urgency and competition.

Auction will stimulate and accelerate the sale cycle unlike other sales method that will allow you to reap return on capital investment more quickly.

To sell your property for market value, a price that a willing and knowledgeable buyer will pay. The auction method will likely procure a higher net return than any other sale method, considering the time value of money, maximization of marketplace interest and buyer competition.

Real Estate Sellers

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